Ken: In re: "...Bob reserves that term(gift horse) for particularly
undervalued buying situations. This is most certainly not such a
situation."
Not to beat a dead gift horse, however, as a point of information,
can you or anyone else tell me what the difference would be between
a Brinker "gift horse buy" and a simple "buying opportunity" vis a vis
the long investor? If I understand Brinker correctly, in both of these
cases, Brinker adherents are given the green light to purchase the
overall market all hallow, i.e., without the employment of dollar cost
averaging. In addition, how can Brinker or anyone else for that matter
discern a "'gift horse' buying opportunity" except in retrospect? If the
market proceeds to DJIA 10,000+ hence, will not this Brinker in-
spired buying signal at below DJIA 8650 be thereupon judged as
another vaunted gift horse sighting?
You are most emphatic in your statements. I admire and often learn
from those who are so sure and confident of their notions. Can you
tell me, therefore, to what level you think we are going in this
market on the DJIA, S&P 500, and Nasdaq index given your
unambiguous declaration this is not a "particularly undervalued"
market? I am thinking it might be a good idea to adjust my port-
folio accordingly at those price levels. |
